ITA No.3569/DEL/2025
Case No: ITA No.3569/DEL/2025
Court: INCOME TAX APPELLATE TRIBUNAL DELHI BENCH, ‘E’: NEW DELHI
Date: 1/22/2026
Parties Involved
appellantACIT, Circle-2(1)(1), Room No.201-202, 2nd Floor, Near Purani Hapur Chungi, Kamla Nehru Nagar, Ghaziabad, Uttar Pradesh-201002
respondentCMC Textile Private Limited, Village & Post, Harchana, Bulandshahr, Uttar Pradesh-245408 PAN-AACCC2032P
Facts Summary
This appeal filed by the Revenue is against the order dated 28.03.2025 of the National Faceless Appeal Centre/learned Commissioner of Income Tax (Appeals), New Delhi, arising out of the assessment order dated 26.12.2019 passed under section 143(3) of the Income Tax Act, 1961 pertaining to Assessment Year 2017-18. The Revenue raised grounds of appeal regarding the deletion of an addition of Rs. 5,02,07,160/- made by the Assessing Officer (AO). The AO had determined that the fair market value of t…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) erred in deleting the addition of Rs. 5,02,07,160/- made by the AO by stating that the Respondent-Assessee adopted the DCF method to value its shares.
- 2. Whether the Ld. CIT(A) erred in deleting the addition without considering the assumed long-term sustainable growth rate taken by the assessee company.
Precedents Relied Upon
3 precedents cited in this judgement.